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Dec 5, 2012
12/12
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president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> whow does taxing the rich hep the poor rise above poverty and get a job? let's talk to larry elder. he is the author of the great book, "dear father dear son". welcome back. how does taxing successful wealthy people help the poor get out of poverty. well for people who think like i think it doesn't make any sense. but understand something, that is not what this is all about. t
president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best...
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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Dec 6, 2012
12/12
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in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and looking them up. i understand that the french don't have a word for entrepreneur or laissez faire. [ laughter ] >> because they never use it. >> they never use it. economics is all about incentives. if you tax people who work, you pay people who don't work, don't be surprised if you find a lot of people not working. it's the rich issue here, which is just fascinating to me. if you tax rich people and give the money to poor people, you're going to get lots and lots of poor people and very few rich people. just look at what happened in britain two years ago when gordon brown raise
in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and...
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Nov 14, 2012
11/12
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somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we have a lack of confidence. they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustain
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we...
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Oct 3, 2012
10/12
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CNBC
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that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different to employment. i have yet to see any research that says qe anything does. >> all right. thank you, all. good to see you. thanks for your thoughts today. appreciate it. >> thank you. >> all right. we're in the final stretch. we have a mixed market for the most part. >> i don't care what you got planned for the afternoon. stick around. we are just getting started on this very busy wednesday edition of the "closing bell." watch. >>> coming up, downloading a dividend? what will apple do with its huge war chest and potentially devastating tax hikes? we'll drill to the
that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different...
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Dec 16, 2012
12/12
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CSPAN
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the clock is ticking, and we're not that far from december 31, the fiscal cliff. i think it is important that we kind of take a step back and remember what the fiscal cliff is all about. it is when the tax rate -- across the board, our current tax code expires. if congress does not take action, it would be a $3.5 trillion tax increase oned american people. it would impact nearly everyone. it would cost us two million jobs, a double-dip recession, and in addition to that, we also have see quest racial -- sequestration, which is looming. the across-the-board cuts would be a million jobs lost in the defense industry. there is a lot on our plate right now, and i think -- yes? >> do you think any progress has been made out of those meetings? i think the speaker and the president have tried to have a frank discussion but did not disclose any tangible progress made. do you have any reason to believe there has been proog -- progress? >> i haven't heard the details. in what the speaker has told me, he has been disappointed that the president seems to be heading in the oppo
the clock is ticking, and we're not that far from december 31, the fiscal cliff. i think it is important that we kind of take a step back and remember what the fiscal cliff is all about. it is when the tax rate -- across the board, our current tax code expires. if congress does not take action, it would be a $3.5 trillion tax increase oned american people. it would impact nearly everyone. it would cost us two million jobs, a double-dip recession, and in addition to that, we also have see quest...
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cliff in which everything from payroll taxes to full tax rates will go up. >>> in our fourth story, under attack by hackers. this was pretty incredible because the white house today confirmed that its military office was the target of a cyber attack with a suspected atta attacker, china. this is the office responsible for the united states of america's nuclear ar warplane. now, cnn has learned this was an unclassified network which was hit. officials say they dealt with the threat, but these attacks are relentless and the pentagon encounters thousands of them a day. how does washington keep up with this threat? cedrick layden, colonel, great to see you. the white house is saying we dealt with this, still, this is the white house. this is an office which is responsible for the united states of america's nuclear war plans how. how serious was this. >> it's great to see you, too, but this is too close for comfort when it comes to hacking attacks, especially when it comes to protecting the nuclear codes and anything else that is sensitive from a military nature. the white house military
cliff in which everything from payroll taxes to full tax rates will go up. >>> in our fourth story, under attack by hackers. this was pretty incredible because the white house today confirmed that its military office was the target of a cyber attack with a suspected atta attacker, china. this is the office responsible for the united states of america's nuclear ar warplane. now, cnn has learned this was an unclassified network which was hit. officials say they dealt with the threat, but...
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Nov 29, 2012
11/12
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CNNW
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cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by your dollar for dollar -- the increase in the debt limit for cuts? >> are i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you, mr. speaker. >> speaker boehner speaking to the press outside of the offices on capitol hill. not really yielding any information, though. the intransigence it seems on both sides continues. but it definitely co
cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had...
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Dec 10, 2012
12/12
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WBAL
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Oct 12, 2012
10/12
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FOXNEWS
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there is no reason to wait if it looks like the fiscal cliff increases are going to be intact. if obama is re-elect asked we have a mixed congress we will have a big fight on our hands and you will see a negative reaction in the stock market for those reasons alone. fought to mention the fact that businesses off budget in october and they cannot budget now. they put off their budget like the congress, reacting to congress. they can fought get a budget done because they don't know what the rules are. this is having a huge negative impact on the u.s. economy and it is all right the most sadistic tax code in the word. >>neil: the twin hits will be substantial. a pox on both parties for bringing it to the brink. thank you very much. is congress just trying to wait this thing out until the election results are in? it has south carolina congressman very worried. you have said time is awasting and it is up to both parties to put something together. it doesn't look like they will ahead of the election, and maybe because they think maybe republicans think if romney were elected, maybe e
there is no reason to wait if it looks like the fiscal cliff increases are going to be intact. if obama is re-elect asked we have a mixed congress we will have a big fight on our hands and you will see a negative reaction in the stock market for those reasons alone. fought to mention the fact that businesses off budget in october and they cannot budget now. they put off their budget like the congress, reacting to congress. they can fought get a budget done because they don't know what the rules...
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Nov 6, 2012
11/12
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. >> very quickly on the fiscal cliff. do you expect dividend taxes to go from 15% to 43%? are you expecting a much lower rate if they come to an agreement? >> i think it will be a much lower rate. >> all right. we'll leave it there. great to have you on the program. see you soon. we'll have full coverage of the battle for the white house beginning here at 5:00 p.m. i'll be anchoring the coverage with carl quintanilla beginning at 7:00 p.m. eastern time until the race is decided. big night. >> bring your pajamas. heading toward the close with 20 minutes left. where is the time going? the dow is well off its highs of about 115 points. >> it is. the market may be rallying, but somebody here says the economy is in trouble no matter who wins this election. thz next. >>>s a ahead, some of the nation's wealthiest citizens are spending big bucks on this election on several key ballot measures. robert frank has details on that coming up later. >>> then the road to the white house goes through ohio this year. voters in that state turning out in force to cast their ballots. we'll tak
. >> very quickly on the fiscal cliff. do you expect dividend taxes to go from 15% to 43%? are you expecting a much lower rate if they come to an agreement? >> i think it will be a much lower rate. >> all right. we'll leave it there. great to have you on the program. see you soon. we'll have full coverage of the battle for the white house beginning here at 5:00 p.m. i'll be anchoring the coverage with carl quintanilla beginning at 7:00 p.m. eastern time until the race is...
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Nov 8, 2012
11/12
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the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest r
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more...
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Dec 6, 2012
12/12
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last time around the characterization of the phone call became a controversy in itself. i think it's pretty clear that the white house and republicans think the white house hand on this is strengthening. we see the polls that you mention, pew polls this week say americans trust the president more, assume if a deal is not reached -- trust the white house more, think if a deal isn't reached it, will be the fault of republicans and it is in fact easier for democrats to go over the fiscal cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last...
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Aug 13, 2012
08/12
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. >> where does this fiscal cliff issue go? >> we obviously announced a couple of months ago next week we are extending the entire tax code. all the tax rates, for a year with fast track procedures to do fundamental tax reform next year. the senate is trying to preempt that by saying we will extend just some rates and let the rates on the higher two brackets go which is the tax unsuccessful small businesses horrible for economic growth and effective top marginal tax rate of 44.8% in january. so we are knot going to pass that and they are not going to pass the one-year extension. that obviously kicks us into lame duck. what this all means, maria, whoever win this election, basically is going to determine what this all looks like next year. >> i mean, leaving people's -- lives in the balance -- >> i agree with that. >> no decision until the -- after the election. then you talk about a month and half to get something done and you know that won't happen. talking about a 2013 affair. what happens to jobs and all that time? what happ
. >> where does this fiscal cliff issue go? >> we obviously announced a couple of months ago next week we are extending the entire tax code. all the tax rates, for a year with fast track procedures to do fundamental tax reform next year. the senate is trying to preempt that by saying we will extend just some rates and let the rates on the higher two brackets go which is the tax unsuccessful small businesses horrible for economic growth and effective top marginal tax rate of 44.8% in...
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Dec 6, 2012
12/12
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no one, senator mitch mcconnell took to the senate floor yesterday to blast the administration strategy as a campaign maneuver. >> incredibly, many top democrats, including the president, seem perfectly happy, perfectly happy, to go off the cliff. >> but in a new quinnipiac poll out today, the american public gives the democrats the benefit of the
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be...
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Nov 11, 2012
11/12
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KPIX
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>> fair is not an option for the country when it comes to the fiscal cliff. say yes to simpson-bowles, mr. president. i'm willing to say yes to simpson-bowles. we need more revenue in washington. we need more private sector jobs. we don't need to raise tax rates. we need to limit loopholes for the wealthy. mr. simpson, if you say yes to simpson-bowles when it comes to revenue, so will i and so will most republicans. we can get revenue without destroying jobs and both need to. no republican will vote for increased tax rates. we will insist our democratic friends reform entitlements something we've never done ask that's where the big money is at. say yes to simpson-expwoalz we'll get this behind us. >> schieffer: senator, thank you so much. and now we're going to get the other side of this picture. and joining us now, one of the architects of the president's victory, his senior campaign adviser, david axelrod, who is out in chicago. mr. axelrod, thank you so much for joining us. let me just start, on friday, the president said he was open to compromise, but he
>> fair is not an option for the country when it comes to the fiscal cliff. say yes to simpson-bowles, mr. president. i'm willing to say yes to simpson-bowles. we need more revenue in washington. we need more private sector jobs. we don't need to raise tax rates. we need to limit loopholes for the wealthy. mr. simpson, if you say yes to simpson-bowles when it comes to revenue, so will i and so will most republicans. we can get revenue without destroying jobs and both need to. no...
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Nov 25, 2012
11/12
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CSPAN
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cliff and let all of the tax rates expire for all americans. what kind of an effect would that have on the economy and working people? >> we have been doing education on the impact. we expect millions of layoff notices. we think that there will be an overreaction by employers to try to imply more political pressure -- apply more political pressure. if we cannot achieve the goal of getting more revenue on the table, we will have to walk through that crisis. the way people react is, it has been bad enough. if there is a little bit more chaos, so be it. we know how to rally as the country, just like sandy showed. in order for us to get back to some way of fairness, we will have to weather the storm. the republicans think, if we push this into the new year, we will have a debate over the debt ceiling, and the leverage will be back in our court again. how do you sit? >> they have a choice right now to pass the extension of the middle-class tax cuts. they are going to cause the problem for the majority of americans by not securing economic security f
cliff and let all of the tax rates expire for all americans. what kind of an effect would that have on the economy and working people? >> we have been doing education on the impact. we expect millions of layoff notices. we think that there will be an overreaction by employers to try to imply more political pressure -- apply more political pressure. if we cannot achieve the goal of getting more revenue on the table, we will have to walk through that crisis. the way people react is, it has...
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Oct 12, 2012
10/12
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FBC
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covering the other discussion that is getting little discussion this so-called fiscal cliff we're facing, is it your sense that what they might do, both sides, regardless who was is elected, is table everything for 6 months, extend all of the rates delay all of the cuts for 6 months, let cooler heads prevail in the new year. >> i'm not going to predict. wild work on that the day after the election, i don't think we should let happen is what could be described aid thelma and luis economic, right out of cliff. all people that i know, everyone who is knowledgeable believes that allow taxes to go up on everyone. producers. neil: there are still division there, maybe -- >> that is why we have negotiations. neil: would a lame duck likely push everything back. >> a lame duck would likely soft will prob -- solve the problem, what the solution is i don't know. neil: i think you know. >> i don't. neil: i think you do. mitch mcconnell thank you very much in his beautiful state. we'll talk with javier becerra about 50 minutes away. it could reinforce an impression that mitt romney made for republica
covering the other discussion that is getting little discussion this so-called fiscal cliff we're facing, is it your sense that what they might do, both sides, regardless who was is elected, is table everything for 6 months, extend all of the rates delay all of the cuts for 6 months, let cooler heads prevail in the new year. >> i'm not going to predict. wild work on that the day after the election, i don't think we should let happen is what could be described aid thelma and luis economic,...
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Jul 19, 2012
07/12
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CNBC
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i think after we get through this earnings season, and a few excuses about fiscal cliffs, i think it will be euro zone headlines. it's a great thing to get me into a position, maybe it will cause short term downdraft, but after a few weeks, this fiscal cliff, it's not going to be a big deal. use it to trade, get in your positions. >> darrell, the fiscal cliff will not be a big deal, that's what lee says. do you buy that thought? >> the key reason we're bearish is complacency set in again. the vix consistently signalled the market top for the last three years. volatility declined, but europe is continuing to get worse, and number two you have a major head wind for the fiscal cliff looming out there. you can trade equities, but we're short because complacency is low and there are many headwinds in front of us. >> so you're expecting a selloff, how significant of a decline and where will the leadership be on the downside? >> number one, our model port foal you shorted the broad market. we think what's going to happen is there will be dollar strength that will deflate commodities, and co
i think after we get through this earnings season, and a few excuses about fiscal cliffs, i think it will be euro zone headlines. it's a great thing to get me into a position, maybe it will cause short term downdraft, but after a few weeks, this fiscal cliff, it's not going to be a big deal. use it to trade, get in your positions. >> darrell, the fiscal cliff will not be a big deal, that's what lee says. do you buy that thought? >> the key reason we're bearish is complacency set in...
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Dec 3, 2012
12/12
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you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is roll over and do what i ask. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. the president's plan is just, quite frankly, a joke. >> i'm not sure about that, senator graham, but there will be plenty of time for jok
you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was...
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Dec 13, 2012
12/12
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we cannot offset the full impact of the fiscal cliff. it's just too big. >> there was another figurehead on capitol hill today, urging a solution to the standoff. >> to parents everywhere, call your representatives today, tomorrow, and every day until they pass the tax cut that is so important to you all. >> i guess we're pulling out all stops. senate republican leader mitch mcconnell was not really in the holiday mood today. he claims the president is not giving republicans anything to work with. >> the president and his allies have taken so many things off the table, the only thing left is the varnish. >> well, that's good news. house speaker john boehner says the white house offer is dead in the water. >> the president is calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> here is a news alert for speaker boehner. it's his job to get a deal to pass the house. today i spoke with congressman chris van hollen on my radio show. the ranking member of the budget committee for the democrats told me why sp
we cannot offset the full impact of the fiscal cliff. it's just too big. >> there was another figurehead on capitol hill today, urging a solution to the standoff. >> to parents everywhere, call your representatives today, tomorrow, and every day until they pass the tax cut that is so important to you all. >> i guess we're pulling out all stops. senate republican leader mitch mcconnell was not really in the holiday mood today. he claims the president is not giving republicans...
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Dec 5, 2012
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we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle class get it, who stopped us and who pushed us over the cliff. it won't be the democratic minority in the house of representatives. >>eric: always good to talk to you congressman rangel. good to see you, sir. paying for complaining is the wrath a restaurant chain is facing for speaking out on the president's health care law going to hush others up? not if herman cain has his say. he is next. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ tdd#: 1-800-345-2550 at schwab, we're committed
we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle class get it, who stopped us and who pushed us over the cliff. it won't be the democratic minority in the house of representatives. >>eric: always good to talk to you congressman rangel. good to see you, sir. paying for complaining...
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Dec 7, 2012
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the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politic
the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get...
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Dec 2, 2012
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it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office call
it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox...
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Dec 5, 2012
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the "news nation" is following where things regard right now with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment
the "news nation" is following where things regard right now with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the...
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Oct 10, 2012
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the new york democratic senator says it is very crucial that washington, dc, avoid a fiscal cliff by get back did work. if it take as lamb duck congress to hammer a way out of the expires tax rates and budget cuts, hop on to it. and a republican senator agrees with that. what is the right deal for you? >> not the direction that senator schumer is talking about chuck schumer has carved out a place for himself well outside the main stream arguing that this is no scenario where we can lower the marginal rates which is inconsistent with what every bipartisan group has looked at to addressing our budget problem on the tax side. the rational thing to do is to have a more pro growth sensible tax policy with lower marginal rates and offset the lost revenue by squeezing the value of deductions and write offs and loopholes. that is the way to generate revenue. to keep marginal rates as he has advocated, even, to raise them above where they, that is counterproductive for economic growth. >>neil: he is talking about letting the bush rates expire for the richest. you argue this is not the time to
the new york democratic senator says it is very crucial that washington, dc, avoid a fiscal cliff by get back did work. if it take as lamb duck congress to hammer a way out of the expires tax rates and budget cuts, hop on to it. and a republican senator agrees with that. what is the right deal for you? >> not the direction that senator schumer is talking about chuck schumer has carved out a place for himself well outside the main stream arguing that this is no scenario where we can lower...
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Nov 19, 2012
11/12
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cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p data back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning pos
cliff. that is if the white house and congress don't get their act together first. that means $600 billion in across-the-board spending cuts and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest...
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Oct 13, 2012
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it is just crazy. >> and the fiscal cliff. >> and it really is one. >> what worries me and people are surprised why you liked bill clinton, the democrat, he stimulated business. people focus on hike and rates for the richest. but he immediately was cutting invested related rates. >> capitol gains. >> people forgot that. but that's why these rates, it is not so much across the board income rate hikes. i am not a fan of them. i am worried about the business ones. dividends are taxed. we are talking about something for a surtax from the rich could be 44 percent. if that doesn't inhibit the invest leads to something bad in the stock market. >> it has led to a deal. but what i didn't hear in any of your commentaries people have shifted income in 2012. as bad as this year looks, it is much worse than it looks because people are shifted income out of 2013 12 . that cliff is going to be serious. >> you are quite right. we are seeing that in youtube fund redemption. they are taking their money out in large part in preperationn for that. that is the quiet under the surface stuff. we see more of
it is just crazy. >> and the fiscal cliff. >> and it really is one. >> what worries me and people are surprised why you liked bill clinton, the democrat, he stimulated business. people focus on hike and rates for the richest. but he immediately was cutting invested related rates. >> capitol gains. >> people forgot that. but that's why these rates, it is not so much across the board income rate hikes. i am not a fan of them. i am worried about the business ones....
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Dec 11, 2012
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speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our clients can get mortgages. our buyers tend to put a lot more money down. they mortgage a lot less, very high credit ratings. we are not seeing that problem at all. lower price point a little bit of a problem but it is getting better. liz: when you look at parts of the business that have done well. the analyst has taken a bit of a back seat to the actual lending business creating a cash cow for a lot of you guys. how is that doing and we understand the margins are very healthy for a lot of these names that are out there? >> our service is toll brothers, the only c
speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our...
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Dec 12, 2012
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cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for sure clear you're going to have an upward move in interest rates and when it does, we'll be in the same soup again. >> right now, we're spending about $250 billion more or less on interest. if we had normalized interest rates, what you normally would think at this kind of period of time, post-recession, we would be spending $600 billion a year for interest, given how much we're borrowing. we're not spending that much because interest rates are so low. >> so, rubenstein saying we'll incur those prices at a later date, but another said it will pay
cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for...
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Oct 11, 2012
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it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious. maybe the ideas that would have to be put forward will be unattractive to some people. obviously we're in a position where new discipline is going to have to be imposed. people are going to be disappointed in the consequence. >> they worship the god of re-election. they're figuring that out and how to duck every hot issue before november 6th. then erskine says the whirlpool of $7 trillion is going to hit us like a rainstorm. >> people are never going to understand how critical this particular time in history is
it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it...
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Oct 1, 2012
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. >> reporter: and the more imminent threat to the economy may be the so-called fiscal cliff. the ratings agency fitch has said uncertainty about u.s. fiscal policy is the single-biggest near-term threat to the global recovery. >> winston churchill once said that the americans always do the right thing but only after extinguishing every other possibility. that is precisely what the americans are doing here. >> reporter: bremmer believes washington won't go over that cliff, but fixing europe could take years. spain reportedly could request a euro zone bailout as early as next weekend. >> pelley: anthony, thanks very much. those are some of the same questions we put together to one of the most powerful women in the world economy. christine legarde is managing director of the international monetary fund. the i.m.f. is essentially a massive bank set up after world war ii with-to-help countries with international trade. lagarde was a french finance minister. she took over the i.m.f. last summer. at her headquarters in washington today, we asked her why the world economy has been sl
. >> reporter: and the more imminent threat to the economy may be the so-called fiscal cliff. the ratings agency fitch has said uncertainty about u.s. fiscal policy is the single-biggest near-term threat to the global recovery. >> winston churchill once said that the americans always do the right thing but only after extinguishing every other possibility. that is precisely what the americans are doing here. >> reporter: bremmer believes washington won't go over that cliff, but...
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Nov 26, 2012
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>> a lot just know they don't want to go off the fiscal cliff. here is the question. if republicans are building to eliminate deductions for wealthy, make the wealthy pay more, is it too far for democrats to push to get rates increased? what's the difference? >> i think the real problem here with democrats as far as democrats are concerned is how willing to do sbiegts entitlement reform are they? you heard lindsey graham say he is willing to change position on taxes if democrats come to the table with entitlement reform. president obama privately indicated he is willing to stick his neck out and durbin willing to do that and will nor liberal democrats come to the table with entitlement reform. we'll see if that is a bigger dynamic that changes this week. >> what is the danger i guess is one question because there are democrats like patty murray saying it isn't a cliff, it is a slope. >> the danger is a massive sudden drop in government spending and even if you hate government spending, spending does keep the economy going and when you cut that much spending all at onc
>> a lot just know they don't want to go off the fiscal cliff. here is the question. if republicans are building to eliminate deductions for wealthy, make the wealthy pay more, is it too far for democrats to push to get rates increased? what's the difference? >> i think the real problem here with democrats as far as democrats are concerned is how willing to do sbiegts entitlement reform are they? you heard lindsey graham say he is willing to change position on taxes if democrats...
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Aug 31, 2012
08/12
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and large businesses worrying about the fact that under an obama administration the fiscal cliff could mean higher tax rates. >> all right. we'll leave it there. thanks to you both coming from jackson hole. pippa, martin, as always. coming up this evening a smart new platform on the republican agenda calls for a new gold commission. that will change fed policy. we've got lou lurman from the original membership of the reagan gold commission years ago. lou said it's critical to go back for our economy to heal. that's next. [ male announcer ] it's a golden opportunity to experience the ultimate expression of power... control. [ engine revs ] during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this,
and large businesses worrying about the fact that under an obama administration the fiscal cliff could mean higher tax rates. >> all right. we'll leave it there. thanks to you both coming from jackson hole. pippa, martin, as always. coming up this evening a smart new platform on the republican agenda calls for a new gold commission. that will change fed policy. we've got lou lurman from the original membership of the reagan gold commission years ago. lou said it's critical to go back for...
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Aug 24, 2012
08/12
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that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man, let's debate the issues. >> kirsten, do you think that demonization is over from the obama campaign. >> keep laughing. if i get kirsten to laugh then i know. this is a good segment. >> all right. lanny. continuing to tout economic recovery but the numbers tell quite a different story. we have a special report. later a brand new poll shows mitt romney in the lead over barack obama. we will break down those numbers when we come back. [ male announcer ] when this hotel added aflac to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out mo
that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man,...
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Nov 15, 2012
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would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and social security. tax reform raises many proposals. the question of rates. the question of deductions. and i think it's dangerous to not look back and reflect on what got uz into a positive economy. it created 20 million jobs. higher rates in terms of tax rates for the healthy and created a tax scheme, if you will, a structure that protected the middle class. that's what i'm interested in along with entitlements that are a safety net for the middle class, and we're not prepared to look any way that would undermine those protective nets. in that means rates have to go higher for the wealthy, then i think the wealthy who voted for president obama in large numbers understand the mutual sacrifice necessary to build and continue to build the economy. it's already building. we need everyone to commit to a sa
would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and social security. tax reform raises many proposals. the question of rates. the question of deductions. and i think it's dangerous to not look back and reflect on what got uz into a positive economy. it...
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among the factors fed members were concerned about, the crisis in europe, fiscal cliff. of course, that's that combination of spending cuts happening and the expiration of tax breaks happening at the end of the year. >>> now our third story out front, fresh off a strong debate performance, mitt romney's press secretary tweeted that the campaign was getting more than two donations a second. john avalon has been looking into this. super pac guys are standing by, by the way. john, i'm looking at the democratic one in the eye and is already champing at the bit. so, talk to me about the money game. obviously a big boost for romney last night. >> absolutely. as you know to find out what's going on in campaigns you've got to follow the money. looking in particular at super pac spending, tsunami of sleaze going through our airwaves in real time. it's fascinating. releasing its numbers for the last three weeks of september. here is what they're seeing. president obama's campaign outspending mitt romney's campaign almost 2-1 in the last three weeks of september. take a look at the
among the factors fed members were concerned about, the crisis in europe, fiscal cliff. of course, that's that combination of spending cuts happening and the expiration of tax breaks happening at the end of the year. >>> now our third story out front, fresh off a strong debate performance, mitt romney's press secretary tweeted that the campaign was getting more than two donations a second. john avalon has been looking into this. super pac guys are standing by, by the way. john, i'm...